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State of Nebraska 88- 103795 Deed of Trust FHA C... No, 3211255221-703 (b) Home Federal Savings and Loan Association of Grand Island under the laws of Nebraska . and whose address is 'I1tII Oftd ~ TtuIt ("Security Instrument") is made on J u 1 y 1 3 19 88 ,Thetnmor~ Gerard J. Lundgren and Kelly 5. Lundgren, Husband and Wife ("Borrower"), The trustee is Arend R. 8aack ("Trustee"), The beneficiary is , which is organized and existing 221 South Locust ("Lender"), Grand Island, Nebraska WItIleMflh: That the Borrower in consideration of the debt and Irust hereinafter described and created. and the sum of One Dollar ($1 ). to him in band paid by the Trusta-~ the receipt of which is hereby acknowledged, does by these presents gran", bafgain and sell, convey and confirm, unto lhe TI'USlee in trust, with power of sale. forever. all of the following dc5cribcd real estate. situated lying and being in the County of Hall . and Stale of Nebtaska, 10 wit: - Lot Thirty-Nine (39), in Island Acres No.7, a Subdivision of part of Fractional Section Seven (7); Part of the West Half of the West Half (W~W,) of Section eight (8) ; and part of Lot Twenty -F our (24) , Island Acres, all in Township Eleven (11) North, Range Nine (9) west of the 6th P.M., in the City of Grand Island, Hall County, Nebraska. The rider to the mortgage attached hereto and executed of even date herewith is incorporated herein and the covenants and agreements of the rider shall amend and supplement the covenants and agreements of this mortgage. "THIS IS A PURCHASE MONEY MORTGAGE" which Iw the address of 3208 Westsiq~l Grand Island (01)1 Nebraska 6880:3 cZlp C"iJ~1 ("Propc.'fly Addr~"); To Itftc ... To Hold tbe premiac$ above delcribed. with all the appuncruulOeS thereunlo belonging and including all heating. plumbing and liahtinl fiXIure5 and equipment now or hereaftef auachcd to l)f Wied In connection with said real C5tate unto lhe TfIISke, and to its suaxssors and assips. forever, The Borro'M:f represents to, and oonvcnanb with. the Trustee. that tile Borrower hu aood right to sell and con~ said premises; that they are free from encumbrance; and that lhe Borrower wl11 warrant and defend the same apinst the lawful claims of all persons whomsoever; and the Wd ~ hereby rdinquisba III riahts of homc5lcad. and all marital riJbts, either in law or in equilY, and all otbcr conlingent interests of the Borrower in and 10 the above-dcM."ibcd prcmi!iQ. and inlefluoo beilllto convey hereby an .b&o1ute title.. in fee simple. includil1J all rights of homatead. and other riahts and inlerests as aforesaid. Provided Always, and these prcacnts are c:xecu&ed and delivered unlo the Trustee. in trust, however for lhe followina purposes: Whern5, the Borrowef on lhe 13th . day of J u 1 y . 19 88 , borrowed from the Lender the sum of Forty Three Thousand Five Hundred Fifty and no/100------------------------ Dollan (S 43 . 550 . 00 ). for whICh sum the Borrower Iw ueculed and deliVefed 10 l,he l.cndcc Borrower's promi.s'KlfY note of even dale. bearing imerat or the rale of ten and one/ha 1 f per centum ( 10.50 %1 per annum on the unpaid ballnce until paid, Thuaid principal and interest shall be payable atthe offICe: of Home Federal Sav ings and Loan Association of Grand Island, 221 South Locust in Grand Island, Nebraska . or al such ocher place .HIte holder of the note may desiJnate in writil1J. in monthly imtallrnenlS of Three Hundred Ninety Eight and 37/100------------ ________________ DoIlarll(S 398.37 l,commcncilliOllthefiBtdayof September 1988 ,and on the fil1l day of t.ach mooth thereafter until the pnnclpal and interest are fully paid, except that lhe final pllymeftt of principal and immst. if nollOOl1ef paid. shall be due and Jlllyablc on 1M fir'" day of Augus t , 2018 20 Thll form II uHd In connection-w-Iu,"mortga-ge1in.u;ed und-.,"lheone.tokiur.faniWy program. of the N-.tiO';.' Houling A-Ct(jnclUding Section' 203(b) and (I)) which require lOne. Tlma Mortgage Inlurance Premium payment In accordance with Itle regulltlona tor those program. ._.._a' .____". . __ ,.- -. --_....-.' ,-._.~.._~... -.-.-----.--.---.-..,."----~---- - - PlOt 1 01 5 . Iorm HUD-I2143.DT.1 (3-88 edition) 24 CFR 203 '7(11